Egypt: Suez Cement reports deepening net loss
Suez Cement has reported a deepening net loss of EGP629.3m (US$33.8m) for 2016. This compares with EGP100.8m reported in 2015.
Suez Cement
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Egypt sets out on a new course Premium
President Abdel Fattah al-Sisi has managed to return a certain degree of stability to Egypt, with the economy expected to show a gradual recovery. A broad infrastructure program...
Egypt: Suez Cement ranked bottom
Egyptian company Suez Cement has ranked in the bottom quartile of the country’s performers for the year just passed. The company’s performance saw it ranked 144/144 in the BSS N...
Suez Cement hit by Egyptian pound devaluation
In its quarterly earnings statement for 1Q2016, Suez Cement announced that it has seen cement volumes rise 15.6 per cent YoY. However, net profits for the quarter have fallen to...
Suez Cement working to limit impact of Egypt's dollar shortage
Suez Cement, a unit of Italy’s Italcementi SpA, is working to minimise the impact of Egypt’s dollar shortage on its operations and has no plans to “withdraw” from the country, M...
Suez Cement plans to complete coal conversion project by end-2016, Egypt
Suez Cement, part of the Italcementi group, plans to complete its preparations for coal usage at its plants by late 2016, local press reported, citing chairman Omar Mehanna Wedn...
Egypt: Suez Cement 2Q net profit drops 57%
Suez Cement posted a second-quarter net profit of EGP60.9m (US$7.8m) on Tuesday, down 57.2 per cent from the EGP142.5m recorded a year earlier. Revenue over the three month peri...
Italcementi
The Italcementi subsidiary Suez Cement is investing EUR68m (US$84m) in 2015 in its Helwan and Tora II works to convert them to burning coal and waste-derived fuels.
Suez Cement completes coal trials at Katameya plant
Suez Cement has completed the trial period of using coal to run its Katameya factory and it is now the main source of fuel at the Egypt-based factory, chairman Omar Mohanna anno...
Egypt: Italcementi to build wind park
Italcementi SpA has signed a memorandum of understanding (MoU) with the government of Egypt for the construction of a 120MW wind park in the coastal town of El-Zaafarana, where ...